In today’s episode of Figuring Out, Raj Shamani is in conversation with Nikhil Kamath. He is the co-founder of Zerodha, a Fintech company which is India's largest trading platform. He Co-Founder Zerodh with his older brother Nithin Kamath in 2010 in the southern Indian city of Bangalore. The company is mostly bootstrapped.
Nikhil Kamath dropped out of school as he hates going to school. He was 17 when he got his first job at a call centre. And then he started trading in stocks, later he took up trading seriously and now, Kamath, a billionaire, is leading the country's most successful stock brokerage firm.
In this video, he discusses how he moved out of his house and went from working at a Call Centre to Building up One of the Largest Businesses and becoming India's Youngest Billionaire. He also shared how he made money my trading in stocks, investing and financial mistakes most people make, what is the difference between trading and investing, mistakes people should avoid while trading and everything related to stock market, investing, trading and wealth creation.
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Link to watch the podcast: https://www.youtube.com/watch?v=cpg78ouK54I
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Timestamps:
00:00 Intro
01:01 Sponsored by Coinswitch
01:28 Talking Points
01:53 Why he moved out of his house
04:18 How he Made Money by Stock Trading
06:00 How he started selling insurance
07:58 Do we really need to be Good at Sales
09:25 What is the Best Way to Learn Sales
11:40 What did he do After the Call Centre Job
16:43 Investing VS Trading
18:35 Mistakes to Avoid in Trading
23:48 Why aren't Most Indians Financially sound
29:25 Which Philosophy in Life has helped him
31:00 Why do we feel compelled to act smart
34:47 Is Socialism a Problem?
38:44 Are Leakages ever going to Stop?
39:17 Rapid fire with Nikhil
43:50 Outro
